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Stated Preference Evaluation of Government Budgets

Author

Listed:
  • Kerr, Geoffrey N.
  • Cullen, Ross
  • Hughey, Kenneth F.D.

Abstract

Stated preference approaches are widely used in non-market valuation. However, their potential uses extend far beyond valuation. In particular they can be used to assess efficiency of resource allocations and to design optimal resource allocations. Changes to the government budget were evaluated using a choice experiment. Results indicate potential efficiency gains from reallocation of the budget to items with higher marginal utility. In particular, New Zealand residents want more spending on health, education and the environment, with health spending consistently having the highest marginal benefits. People want less government money spent on income support. The choice experiment was able to identify the impacts of demographic factors. Young people rated spending on the environment and education more highly than other respondents.

Suggested Citation

  • Kerr, Geoffrey N. & Cullen, Ross & Hughey, Kenneth F.D., 2005. "Stated Preference Evaluation of Government Budgets," 2005 Conference, August 26-27, 2005, Nelson, New Zealand 98520, New Zealand Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:nzar05:98520
    DOI: 10.22004/ag.econ.98520
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    References listed on IDEAS

    as
    1. Hans Groot & Evert Pommer, 1989. "The stability of stated preferences for public goods: Evidence from recent budget games," Public Choice, Springer, vol. 60(2), pages 123-132, February.
    2. Hans Groot & Evert Pommer, 1987. "Budgetgames and the private and social demand for mixed public goods," Public Choice, Springer, vol. 52(3), pages 257-272, January.
    Full references (including those not matched with items on IDEAS)

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